The Senate has renewed its push for strict compliance with Nigeria’s procurement laws, stressing that public funds must deliver visible and measurable development across the country.
Speaking at a two-day retreat organized for members of the Senate Committee on Public Procurement in Abuja, the Committee Chairman, Sen. Olajide Ipinsagba (Ondo North), said the era of opaque and inefficient contracting must end.
“Public procurement is not merely administrative; it is where government policies become real in schools, roads, hospitals and infrastructure,” Ipinsagba stated. “It accounts for a significant proportion of national expenditure and therefore demands the highest standards of integrity, efficiency and accountability.”
He said the enactment of the Public Procurement Act 2007 and the establishment of the Bureau of Public Procurement (BPP) laid a strong foundation for reforms, but added that more decisive actions are required to align with international standards and protect public interest.
Procurement Reform as a Catalyst for Development
Ipinsagba emphasized that procurement oversight is a continuous process of adaptation and innovation to ensure transparency and value for money.
“Let us reaffirm our resolve to make Nigeria a model of procurement efficiency not just in Africa but globally,” he said. “By embracing reform, every naira spent must translate into better schools, safer roads, improved healthcare and a more prosperous nation in line with President Bola Tinubu’s Renewed Hope Agenda.”
He reaffirmed the Committee’s commitment to:
Stronger legislative oversight
Enforcement of compliance
Anti-corruption safeguards
Institutional and policy reforms
Earlier, Barrister Kelechi Kingsley, CEO of LeadBold Resource Consulting Ltd, said the retreat aimed to equip lawmakers with modern tools to strengthen accountability and safeguard public resources.
“The goal is to align Nigeria’s procurement ecosystem with global best practices ensuring value for money and advancing national development through sound governance,” she noted.
